Global-E Online (GLBE) Expected to Announce Earnings on Wednesday

Global-E Online (NASDAQ:GLBE) is expected to announce its earnings results before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $250.96 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Global-E Online Price Performance

Shares of NASDAQ:GLBE opened at $62.58 on Wednesday. The firm’s 50 day simple moving average is $56.11 and its 200 day simple moving average is $44.49. Global-E Online has a fifty-two week low of $28.11 and a fifty-two week high of $62.96. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of -107.90, a P/E/G ratio of 6.16 and a beta of 1.23.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of Global-E Online from $45.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. The Goldman Sachs Group lifted their target price on Global-E Online from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. UBS Group decreased their target price on Global-E Online from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Raymond James raised their price target on Global-E Online from $41.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Global-E Online in a research report on Monday, November 18th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.08.

About Global-E Online

Global-E Online Ltd., together with its subsidiaries, provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce in Israel, the United Kingdom, the United States, and internationally. Its platform enables international shoppers to buy online and merchants to sell from, and to, worldwide.